Trump effect on UK interest rates?

jak22

It's unclear what's going to happen - Atom's 5yr fix has just gone back up for example and there's plenty of 6mnth to 1yr at 4.8% - 5%

PixelPound

jak22 said:

It's unclear what's going to happen - Atom's 5yr fix has just gone back up for example and there's plenty of 6mnth to 1yr at 4.8% - 5%

I sort of wondered if all these that have made preemptive cuts might need to reverse them. 

BoE could kick the can down the road by putting off any decision to cut until the next time. 

mebu60

PixelPound said:

jak22 said:

It's unclear what's going to happen - Atom's 5yr fix has just gone back up for example and there's plenty of 6mnth to 1yr at 4.8% - 5%

I sort of wondered if all these that have made preemptive cuts might need to reverse them. 

BoE could kick the can down the road by putting off any decision to cut until the next time. 

Next time being 19 December. 

PixelPound

mebu60 said:

PixelPound said:

jak22 said:

It's unclear what's going to happen - Atom's 5yr fix has just gone back up for example and there's plenty of 6mnth to 1yr at 4.8% - 5%

I sort of wondered if all these that have made preemptive cuts might need to reverse them. 

BoE could kick the can down the road by putting off any decision to cut until the next time. 

Next time being 19 December. 

Exactly, it's not long, but allows a month to see what reaction the markets etc have. 

masonic

My guess is that the next cut will go ahead, but they may hold in December.

boingy

I think they may hold this time. The budget has changed the short-term outlook somewhat.

slinger2

masonic said:

My guess is that the next cut will go ahead, but they may hold in December.

That's my hunch too.

SAC2334

BOE base rate cut to 4.75% 

Hoenir

While QT continues to chug away. 

PixelPound

SAC2334 said:

BOE base rate cut to 4.75% 

Guess they had planned to and went ahead anyway. It is just 25bp, gives a pre-christmas boost and they'll probably hold in Dec.